CSO Magazine

MAY 11, 2022

It’s that time that I fill out the annual cyber insurance policy application. Each year it gives me an insight into what insurance vendors are using to rate the risks and threats to our business and what they are stressing I should have as best practices. Is two-factor authentication in place?

Cyber Insurance 98

Cyber Insurance Insurance Ransomware Authentication 98

Thales Cloud Protection & Licensing

MAY 26, 2023

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

Insurance 71

Insurance Digital transformation Authentication Passwords 71

Security Boulevard

SEPTEMBER 1, 2022

Last year, HYPR reported that many cyber insurers now require organizations to adopt multi-factor authentication. The growing demand for cyber liability insurance, the increasing number of claims and a spike in claim severity have prompted underwriters to scrutinize an organization’s security controls more closely.

Cyber Insurance 52

Cyber Insurance Insurance Authentication Risk 52

Security Boulevard

AUGUST 30, 2022

Lloyd's Backs Off Insurance for State-Sponsored Cyberattacks. and] that losses have the potential to greatly exceed what the insurance market is able to absorb,” the guidance says. . Lloyds is a London-based insurance and reinsurance marketplace where financial backers gather to pool and spread risk. brooke.crothers. Gray areas.

Insurance 95

Insurance Cyber Attacks Government Marketing 95

CSO Magazine

MARCH 9, 2023

A health insurance marketplace that provides coverage for members of the US Congress and congressional staffers was found to be compromised on Wednesday, according to a letter apparently sent from House Chief Administrative Officer Catherine L. Szpindor to members of that chamber.

Data breaches 88

Data breaches Insurance Authentication 88

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

Cyber Insurance 83

Cyber Insurance Insurance Risk Technology 83

CyberSecurity Insiders

MAY 10, 2023

According to the Insurance Information Institute , there was a 45-percent increase in identity theft in 2020, and the rapid digital transformation that took place during 2020 would not have helped improve this figure. Authentication also reduces the overall likelihood of compromising information.

Authentication 109

Authentication Insurance Identity Theft Digital transformation 109

Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. In the last 20+ years, cybersecurity insurance has added risk transference to the available palette of palliative choices. I recently spoke with Neira Jones and Danna Bethlehem about how cybersecurity insurance can work to help an organization. regulations.

Insurance 71

Insurance Cybersecurity Risk Data breaches 71

Duo's Security Blog

OCTOBER 18, 2022

A password manager can go a long way in helping to simplify that process, but multi-factor authentication (MFA) security can help even more. Our experts will discuss the risks posed by passwords, what cyber insurers require to protect organizations, and how MFA can meet both of those needs. trillion USD annually by 2025?

Insurance 57

Insurance Passwords Cyber Insurance Authentication 57

Duo's Security Blog

OCTOBER 7, 2022

In this blog, we explain why it makes sense for these firms to work with managed service providers (MSPs) to help bolster their security posture and increase their chances of getting cyber liability insurance cover as insurers continue to raise the bar. Small business cyber insurance: Is it really needed?

Small Business 65

Small Business Cyber Insurance Insurance Cyber Risk 65

Malwarebytes

OCTOBER 11, 2023

The Philippine Health Insurance Corporation (PhilHealth), has confirmed that it was unprotected by antivirus software when it was attacked by the Medusa ransomware group in September.

Antivirus 96

Antivirus Insurance Ransomware Healthcare 96

Duo's Security Blog

DECEMBER 7, 2022

Much has been published about how the demand — and subsequent cost — for cyber liability insurance has skyrocketed in line with increasing incidents of cyberattacks. The state of cyber liability insurance The topic of cyber liability insurance is full of datapoints, statistics and graphs all showing upward trajectories.

Insurance 68

Insurance Cyber Insurance Ransomware Risk 68

Duo's Security Blog

OCTOBER 18, 2021

One area where campuses have been collaborating recently are changes around cyber liability insurance for higher education, an opportunity for campus cybersecurity teams to combine forces with their risk management team. In a recent Duo blog post, we gave an overview of cyber liability insurance.

Insurance 61

Insurance Education Risk Cyber Insurance 61

The Last Watchdog

MAY 30, 2024

From MFA to biometrics, a lot has been done to reinforce user ID and password authentication — for human users. We spoke to major banks, insurance companies, and even small businesses,” Nicholas says. The idea for Anetac derived from asking companies about their pain points. “We

Accountability 130

Accountability Small Business Insurance Authentication 130

SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. 4 key takeaways from cyber insurance industry report. Cyber insurance works.

Cyber Insurance 55

Cyber Insurance Insurance Ransomware Cyber Attacks 55

SC Magazine

MARCH 2, 2021

Google Cloud, Munich Re and Allianz are working together to turn risk data into better insurance policies. In doing so, and in sharing the results with Munich Re and Allianz, the insurers will offer expanded coverage options, including higher policy limits and longer business interruption payouts.

Insurance 75

Insurance Cyber Insurance Risk Media 75

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.

Cyber Insurance 226

Cyber Insurance Insurance Government Cyber Risk 226

CSO Magazine

JANUARY 13, 2023

The Royal ransomware group is believed to be actively exploiting a critical security flaw affecting Citrix systems, according to the cyber research team at cyber insurance provider At-Bay. To read this article in full, please click here

Cyber Insurance 129

Cyber Insurance Ransomware Insurance Authentication 129

Thales Cloud Protection & Licensing

MAY 29, 2024

Because AI has taken center stage in identity verification and authentication, Jason will delve into the risks and biases and how these impact customer experience, architecture, and compliance. Legacy CIAM systems go against the grain of insurance companies' digital goals, hampering user experience with slower, less secure methods.

B2B 62

B2B Insurance B2C Artificial Intelligence 62

Security Boulevard

MAY 29, 2024

Because AI has taken center stage in identity verification and authentication, Jason will delve into the risks and biases and how these impact customer experience, architecture, and compliance. Legacy CIAM systems go against the grain of insurance companies' digital goals, hampering user experience with slower, less secure methods.

B2B 57

B2B Insurance B2C Artificial Intelligence 57

Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in $6.2 billion in 2019.

Insurance 307

Insurance Financial Services Penetration Testing Scams 307

Krebs on Security

JANUARY 29, 2021

The unprecedented volume of unemployment insurance fraud witnessed in 2020 hasn’t abated, although news coverage of the issue has largely been pushed off the front pages by other events. Another 17 percent of claims — nearly $20 billion more – are suspected fraud. In a notice posted Jan. 28 , the U.S.

Insurance 307

Insurance Identity Theft Accountability Mobile 307

Adam Levin

APRIL 10, 2019

The analysis was conducted by the Aite Group, which looked at mobile apps in eight categories: retail banking, credit cards, mobile payment, healthcare savings, retail finance, health insurance, auto insurance and cryptocurrency.

Banking 187

Banking Retail Insurance Mobile 187

Malwarebytes

JUNE 4, 2024

Enable two-factor authentication (2FA). Some forms of two-factor authentication (2FA) can be phished just as easily as a password. FBCS has sent data breach notifications to those affected, detailing what data was compromised and offering 12 months of free credit monitoring. Better yet, let a password manager choose one for you.

Data breaches 90

Data breaches Passwords Phishing Password Management 90

Cisco Security

JANUARY 10, 2023

As a result of this, next year we could see CISOs tightening up the disclosure decision making process, focusing on quicker and greater clarity on breach impact, and even looking to include personal liability cover in cyber insurance contracts. Increasing demands from insurers. Getting the basics right. Third party dependency.

CISO 127

CISO Insurance Cyber Insurance Phishing 127

Malwarebytes

FEBRUARY 26, 2023

Last week on Malwarebytes Labs: GoAnywhere zero-day opened door to Clop ransomware Chip company loses $250m after ransomware hits supply chain GoDaddy says it's a victim of multi-year cyberattack campaign Twitter and two-factor authentication: What's changing?

Cyber Insurance 75

Cyber Insurance Insurance Authentication Healthcare 75

CyberSecurity Insiders

JULY 26, 2022

Policybazaar, the Indian Insurance companies that offer an array of online services to users seeking health and car insurance were targeted by hackers leading to a data breach. So, at this juncture, incidents such as these can put a permanent dent to their business expansion, as IRDAI doesn’t take data breaches lightly.

Cyber Attacks 112

Cyber Attacks Insurance Data breaches Mobile 112

Krebs on Security

MAY 31, 2019

No authentication was needed to access the digitized records. “First American provides title insurance and settlement services for property sales, which typically require buyers to hand over extensive financial records to other parties in their transactions,” wrote Stacy Cowley. ”

Financial Services 219

Financial Services Insurance Banking Authentication 219

Malwarebytes

APRIL 9, 2024

He was convicted of one count of making a false statement to a National Credit Union Administration insured institution and one count of aggravated identity theft. He handed a bank employee his real Social Security card and an authentic California Identification card, which matched the information the bank had on file.

Identity Theft 106

Identity Theft Banking Insurance Accountability 106

Security Affairs

MAY 13, 2024

They have a range of market insurance products backed by international company, Allianz Group. We already have robust security processes in place for any account access changes, which will require you to confirm your identity using either Biometrics or Two Factor Authentication.” ” continues the notice.

Data breaches 101

Data breaches Cyber Attacks Identity Theft Banking 101

Duo's Security Blog

MAY 23, 2023

Passwords are a weak point in modern-day secure authentication practices, with Verizon highlighting that almost 50% of breaches start with compromised credentials. Until a fully password-free environment is deployed, accepted, and adopted by all users, less secure methods of authentication will still be relied on.

Authentication 108

Authentication Passwords Data breaches Phishing 108

CyberSecurity Insiders

SEPTEMBER 20, 2021

To create strong passwords that are hard to guess, combine the two-factor authentication with your password for verification purposes. Invest in cybersecurity insurance. Cybersecurity insurance involves the transfer of financial risk that may arise from doing business online. Passwords are your first line of defense.

Cybersecurity 121

Cybersecurity Insurance Passwords Encryption 121

Dark Reading

MAY 24, 2019

Real estate title firm reportedly has closed a hole in its website that had left hundreds of millions of real estate tile insurance files accessible without authentication, according to KrebsOnSecurity.

Insurance 94

Insurance Authentication 94

Krebs on Security

JULY 4, 2020

A reader who was recently the victim of unemployment insurance fraud said he was told he should create an account at the Department of Homeland Security ‘s myE-Verify website , and place a lock on his Social Security number (SSN) to minimize the chances that ID thieves might abuse his identity for employment fraud in the future.

Accountability 297

Accountability Passwords Authentication Insurance 297

Security Affairs

MAY 12, 2024

In December 2023, Elliptic and Corvus Insurance published a joint research that revealed the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. ” reads the CSA. According to the experts, the ransomware gang has infected over 329 victims, including ABB , Capita , Dish Network , and Rheinmetall.

Ransomware 114

Ransomware Hacking Healthcare Retail 114

Thales Cloud Protection & Licensing

MAY 9, 2022

While implementation of security technologies such as multi-factor authentication and encryption have slightly increased, we have not yet reached the level where the majority of applications, data and operational technology are fully protected. Cyber insurance coverage ramps up. Governments step up to protect all businesses.

Cyber Insurance 71

Cyber Insurance Insurance Backups Ransomware 71

Security Boulevard

JULY 10, 2023

Public key infrastructure (PKI)  offers a globally accepted standard for implementing various security protocols and authentication mechanisms.  e-commerce and online banking), and authenticate the identity of an entity in an online environment. require PKI to ensure data security through authentication and non-repudiation mechanisms.

Authentication 98

Authentication Encryption VPN Technology 98